Recently, the prices of corn in Northeast China and Shandong have fallen hand in hand, and the corn market seems to have changed its face "overnight".
There is still some support at the bottom of the corn in the Northeast, and now some people think that the price of corn has fallen almost, and will not fall too much, and want to "buy the bottom" at this price, but some traders who do business now feel that it is more cost-effective to sell, so the mentality of selling gradually rebounds, resulting in the overall weak adjustment of corn prices, simply put, there is a price reduction to sell, resulting in a large number of corn in the market.
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Looking at Shandong, the number of corn arrivals in deep processing enterprises has increased a lot, but their demand has not kept up, just like restaurants have purchased more, but the guests have not seen much, so naturally they can't digest so much. began to continue to continue the previous car price, most of the prices have declined, but the sentiment of reluctance to sell has gradually strengthened.
Corn in the Northeast is relatively more complicated, on the one hand, there is a policy to increase the reserves, coupled with the high cost of acquisition, and the follow-up corn is optimistic, most of them feel that it is not cost-effective to sell cheaply now, it is better to wait and see. The spread of reluctance to sell has suppressed the decline in corn prices to a certain extent.
On the other hand, the local demand for corn in Northeast China is not strong enough, and the price difference of corn compared to other producing areas is small (that is, the price difference is not large), which has led to a strange phenomenon - corn "running around". The same pound of corn is sold here cheaper than transported to other places, who still sells it locally.
Looking at North China, the surplus corn grain is indeed less than before, which also means that the pressure on selling grain is gradually reducing, but the world is unpredictable. But the demand is not so much now, and the price can only be given by car.
And now the surplus grain in North China has been transferred out, basically poured into the Northeast, the local corn in the Northeast has also played a certain impact, the main reason is because there is too much surplus grain in North China, compared with the same period last year, now there is a lot more surplus grain in North China, and now although the breeding end in North China is recovering, but due to the recent rainy days, resulting in a concentrated amount, I am afraid that their corn will have the risk of returning to the tide and mold.
Now the corn situation is relatively complicated, the corn in North China has been transferred outward, and the northeast region has been affected by the impact of corn from other places, and the price has declined, but when the corn is followed up rationally, the overall trend is still on the rise, why? Because of the recovery of the breeding industry, and the breeding industry in North China and Northeast China is relatively rich, and the current surplus grain is gradually decreasing, which has played a certain role in supporting the subsequent rise in corn, and the new season corn is still early on the market, and it is the support for the subsequent rise. Personal opinion, for your reference only. We welcome you to share your views.